Could Shutting Down the CFPB Severely Dent Small Businesses’ Access to Capital?
Shuttering the agency would be a death knell to the CFPB’s small-business data collection rule, which is meant to enforce equality in lending to the nation’s entrepreneurs.
Anger, chaos and confusion take hold as federal workers face mass layoffs. Follow live updates.
Many of those impacted say they had already accepted the administration’s deferred resignation offer, under which they were ...
Trump CFPB Pick McKernan to Lead Agency Targeted for Shutdown
President Donald Trump’s nomination of Jonathan McKernan to lead the Consumer Financial Protection Bureau brought some relief ...
New York Post4d
CFPB’s 1,700 employees told to ‘not perform any work’ as Obama-era agency becomes latest Trump target
WASHINGTON — The nearly 1,700 employees of the Consumer Financial Protection Bureau (CFPB) were told Monday not to come to the office or do any work — as the agency became the latest target of ...
Politico5d
Vought cuts off CFPB funding, saying it’s not necessary to run the agency
Russell Vought, the acting head of the Consumer Financial Protection Bureau, is halting the flow of new funding to the agency and shutting down its headquarters, the latest threat to the CFPB’s ...
Wired3d
The CFPB Work Freeze Is Putting Big Tech Regulations ‘On Ice’
He also forbade CFPB workers from making court appearances other than to pause or postpone proceedings. The move put an abrupt halt to several active lawsuits and investigations against companies ...
ABC News4d
As Musk, Trump administration target CFPB, Democrats defend consumer watchdog's impact
The agency is at a virtual standstill after Musk's Department of Government Efficiency and Russell Vought, the leader of the White House budget office and now acting director of the CFPB ...
Newsweek3d
What CFPB Shutdown Means for Junk Fees
Claire Dickey is a Newsweek senior editor based in Florida. Her focus is reporting on personal finance news, with extensive coverage related to credit cards and banking. Claire joined Newsweek in ...
Business Insider4d
Dismantling the CFPB would turn the consumer finance world into the 'wild, wild west,' its former director says
We will withdraw the police. We will not have any kind of enforcement of the law.'" On Sunday, the CFPB told its staff that its DC headquarters would be closed this week and that they should work ...
CNET2d
Is the CFPB Being Eliminated? What Could That Mean for You?
The agency's presence on social media was deleted after the Department of Government Efficiency, led by billionaire Elon Musk, gained access to the CFPB systems. In the past, President Donald ...
Business Insider4d
The CFPB tells its workers to 'not perform any work tasks' this week while it shuts down its DC headquarters
On Sunday, employees at the CFPB received a two-sentence email from Adam Martinez, the agency's chief operating officer, telling DC employees to work remotely. "The DC Headquarters Building will ...